CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Accounting for Homeowners’ Associations

3 Credits: Accounting

$87.00$107.00

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Accounting for Homeowners’ Associations

Format
Self-Study
Course Level
Overview
CPE Credits

3 Credits: Accounting

Course Description

The accounting for and reporting of transactions for a homeowners’ association, as well as other common interest realty associations, is quite extensive. In the Accounting for Homeowners’ Associations course, we cover all aspects of the accounting for many types of common interest realty associations, with an emphasis on homeowners’ associations. The course addresses the accounting for all types of assets, liabilities, revenues, and expenses, as well as financial statements, disclosures, and controls.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify the different types of common interest realty associations.
  • Specify the required financial statement disclosures by common interest realty associations.
  • Identify the proper accounting for all assets, liabilities, and leasing arrangements of a common interest realty association.
  • Specify the nature of a reserve study.
  • Identify the accounting for assessments.
  • Recall the accounting for a developer lawsuit settlement.
  • Specify the accounting for a common interest realty association’s payroll processing activities.
  • Specify the layout of the financial statements for a common interest realty association.
  • Identify the controls that a common interest realty association might use.
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Course Specifics

Course ID
SS124372750
Revision Date
February 15, 2024
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Number of Pages
70

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …